The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1887-10-14
The American telegraph.

he American N~tcln OF ltleSTAtu, !
second only TO the mail service of the
nation. snd indeed, ,urpss,ing that
n commercial lite, is now prac.
lcally tn the hands of one single
irrespo nsib and
to DO with it as seemctn
best III his eyes. Here is an engine
which makes presidents, cabinets,
senators. governors, cong essmen, in
iicates foreign ard domestic policy, |
sits in judgement upon every interest.
public and private OF the people, |
holds the key of each merchants |
siety and honor. moves trains Oh q,
the roads, dispatches ships to their |
destination, orders the mOveme nts OF
armies, projects troops over the bor-
der or withdrsws them. In fact and
in short, this,vast interest ne grave, If
not the gravest in the hands of
the government Is i'll the hands of a
single individual to do with abso-
lutely as he pleases, all unfetter and
uncontrolled by any power. 1t is
dangerous, il is threa' ening, it is sin
ister and it is a jibe at our system
wherein single Individual may
grasp power such as ihis-a possibility
.or evil which is immeasurable and
unbounded. Considered Is moral
force, it is such az nothing can stand
before Years since, or since
Mr. Gould acquired this dangerou.
prepondersnce in the Western Mon
system, wise and patriotic men essay
ed to offer hcalthful opposition,
and the Baltimore and Ohio system
was projected. The absolute, and un-
restrained power OF the Western
Union has in nothing been more
clearly indicated than in thi7. Az;
once, or as soon as the Baltimore and
Ohio came to be troublesome by the
wide diffusion of its lines, the West
ern Mon began to make its life in
tolerable. There happened to be
many ways in which this could be
done. until at last the Baltimore and
OHIO was compelled to sell out TO the
| Western Union and now we have
again but one genius presiding over
our biography. which extends from
| the northern confines of Canada to
the City of Mexico. This ia gigantic
affair. 1t is an illustrious enterprise
and there is enough in it to render
an hundred men eminent and all
powerful in the economy of the
1ountry social, commercial and polite.
al. But Jay Gould, a reckless specula.
tor, handles it himself alone, and
renders account to no earthly power
is responsible to none for the uses to
which this vast and practically alb
solute power may be put
Where resides the power which
may be invoked to relieve the country
from this vast and threatening evil
this black shadow Of monopoly
which rises upon daring wing and
threatens even the entire and com.
picte vas salage of the national DO ver:
We know there are sticklers against
the concentration of power in the
hands of the national government.
We abhor the idea al undemocratic
and dangerous in theory, but it has
come to be question as between the
natiOpal government responsible and
under sufficient guarantees to the
people, and q single irresponsible in
dividual, and we simply elect in favor
ofthe government. We had rather
this power were handled by the pres
ident snd department of his admin
istratiOn than that it should remain
in the hands OF one man, be he even
all angel from heaven. 1t is urged
that the forced purchase Of tho Baitl-
more aud Ohio is only link in the
chain of circumstances by which the
adroit manipulator binds to himself
the adverse interests standing
against his unloading upon the COWS
ernment the worthless stock OF the
Western Mon. This Is fall.
lacy which is entirely bs>eess.
Lei u be assured that stock which
pays -, and even as high as - per
cent, per apnuIn, is not that kind